"Economics is Not a Game of Monopoly"

This is true:

The standard textbook model of monopoly economics only applies to the real world in a narrow range of circumstances.

As is this:

If Žižek were correct that Gates, Bezos, and other tech billionaires built their fortunes by restricting access to pre-existing resources, rather than by generating new wealth through technological progress, then it might be worth taking radical steps to reclaim the conquered assets. But in fact, the opposite is true.


"Stories to Watch: Unsustainable Fiscal Policy"

Arnold Kling:

At some point, the U.S. will go into a doom loop: to pay for interest on the debt, the government will have to issue more debt; this will fuel inflation, and interest rates are likely to rise; this will force interest payments even higher.

This year, with interest rates elevated to previous years, we may have already entered the doom loop.